Milford Home Sales Update | July, 2017 | Milford School District
Milford Homes For Sale
This month’s Milford Home Sales Update is another award winner! There are new records in several categories.
The number of days it takes for a home has dropped to a new low for this calendar year. It is taking on average 23 days for a home to sell. That isn’t a tremendous drop, however, it continues on a very strong path which should make a home seller smile!
Of particular interest is the absorption rate, otherwise known as the indicator whether it is a buyer or seller market. With a number like 3.6, it is nice seller’s market. While not a strong one, there number shows that the selection of homes do not stay in circulation very long meaning buyers must be ready to act on a home that they like.
Another great indicator is the average sale price is also at its highest for the calendar year. At $228,951, it beat last month’s average sale price of $222,558. When that is mixed with the news that homes are selling for 98.33% of asking price, sellers should be smiling all the way to the bank.
To see the reports for the other school districts, Click Here. Check out the graph below to see it for yourself. If it is marketed correctly, your home should sell quickly.
If your home didn’t sell, let us know. We specialize in selling homes other agents couldn’t. Either call or text 513-201-7890 or Click Here.
If you’d like to create your own specialized home search, Click Here!
Milford School District Market Update (Each month is the previous 6 months totals & averages)
Active Listings Pending Listings Sold Listings Avg List Price Avg Sold Price % of List
To Sale PriceAbsorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market Avg Days
On Market
January, 2017 75 69 284 $311,690 $225,164 97.71% 3.0 28
February, 2017 72 110 256 $322,054 $220,537 97.27% 4.3 29
March, 2017 73 100 257 $313,552 $212,245 97.56% 4 28
April, 2017 73 113 255 $337,389 $218,194 97.76% 4.4 28
May, 2017 107 117 273 $334,048 $218,148 98% 4.92 28
June, 2017 101 95 314 $331,422 $222,558 98.26% 3.75 25
July, 2017 107 97 339 $323,223 $228,951 98.33% 3.6 23
August, 2017 93 79 324 $317,147 $242,944 98.42% 3.2 23
September, 2017 88 84 327 $327,060 $245,238 98.29% 3.2 22
October, 2017
November, 2017 65 55 350 $311,357 $235,978 97.93% 2.1 24
December, 2017 64 34 309 $315,098 $230,386 97.80% 2 26
